Using Will Substitutes to Reduce Estate Taxes
Make Proper Payments from the Trust Income and Principal
How to Pay the Decedent's Debts and When to Declare Insolvency

10 Common Pitfalls for Estate and Trust Administrators to Avoid

Don't underestimate the devotion required.

People rarely understand the magnitude of the task in front of them when someone asks them to act as executor or trustee. Even if they did, the date when the job ceases to be theoretical and the action really begins is often so far in the future that they can’t even imagine such a time.

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